Posted on 04/17/2023 7:55:16 AM PDT by zeestephen
Apple on Monday launched its Apple Card savings account with a 4.15% annual percentage yield. It requires no minimum deposit or balance...once a user sets up a savings account, all of the Daily Cash that is earned from then on will automatically be deposited there...Daily Cash is the Apple Card reward program that offers up to 3% back on purchases.
(Excerpt) Read more at cnbc.com ...
Link to Bask bank on Deposit Accounts website for more info. :)
https://www.depositaccounts.com/banks/bask-bank.html
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All treasury note and treasury bond interest is taxable at the federal level.
My bad. I thought it was at the federal level the Treasury notes gain/interest was not taxable, but apparently it is taxable the federal level and not taxable with state income tax (in most??? cases??).
Be very wary of those online banks. Yes, FDIC insured, but expect to be driven to wits end by poor customer service (India), or essentially no customer service when they put your account in “difficult customer” status. Horror stories abound of locked funds, funds “lost” in transit that take months to recover, accounts that in actuality pay less than the advertised rate (they “accidentally” out your deposit in wrong account type), and so on. Read customer comments before moving and funds in!
Not just Bask, they’re all bad.
https://www.depositaccounts.com/banks/reviews/bask-bank.html
However, I do use Marcus Goldman Sachs savings online and so far, it’s been trouble-free. Just got a text seconds ago saying they raised my interest rate to 3.90%. I will forego a little higher interest to keep my sanity (and my money).
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T bill, note, and bond interest is not taxable at state and local level. Only at federal level.
It looks like you’re talking about CD rates. The article is about savings accounts with a card attached for purchases with rebates.
So, before my first direct deposit goes through, they take out a $9.95 fee. I call to explain, get a sorry and they refund the fee. All is good, except the next month, they change their rules to $1000 per month in spending, so another $9.95 fee. Rerun of the previous month, they refunded the fee but next month, same damn thing happens.
This time, their excuse makes no sense and they won't refund the fee because they've already done so twice.
Even after I threaten to take them to small claims court, they don't refund. I probably should've done just that, but it isn't worth filing the paperwork for $9.95 plus fees.
Some months later, I get an invitation to reopen my account because they have eliminated all fees. No thanks!
I want nothing to do with Green Dot Bank now and forever.
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